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CME to Launch Truckload-Size Lumber Futures in August

CME Group Inc. plans to replace its lumber futures contract with a smaller version that will be deliverable to Chicago rather than Western Canada, following two volatile years that lifted prices to record highs. This new truckload-size contract will be a quarter the volume of the current lumber futures, and is designed to attract more buyers and sellers to the market. The new physically delivered futures and accompanying options contracts are set to launch Aug. 8, pending regulatory approval from Commodity Futures Trading Commission.

No, the So-Called Trump Lumber Tariffs Will Not Threaten the Us Housing Recovery

We have received a slew of media inquires in the past week from reporters who were pushing the following storylines:
1. Donald Trump’s tariffs on lumber have caused prices to surge from about $300 per thousand board feet (MBF) to more than $600 per MBF.
2. Surging building materials prices pose a potentially mortal threat to the US housing recovery.
Our short responses to these storylines are as follows 1) that ain’t necessarily so, and 2) that’s hogwash.